Beechcraft CEO confirms Costco is taking part of the company's property
07/25/2013 10:58 AM
07/25/2013 11:26 AM
WICHITA — As Have You Heard? first reported last summer, Costco is coming to what is currently Beechcraft property at the northeast corner of Kellogg and Webb Road.
During an interview with Aviation Week, Beechcraft CEO Bill Boisture this week confirmed for the first time that the chain is taking part of the company's property for a future store.
The article explained that "Beechcraft has also consolidated its pistons and turboprops production into a single facility in Wichita, closing the pistons plant. That facility, Boisture says, is ‘on its way to becoming a Costco.’ He said the sale of Plant 3 and property at the south end of the Beechcraft campus will reduce its so-called ‘square mile’ on Wichita's east side by about 20%."
Previously, Beechcraft spokeswoman Nicole Alexander said the company had no information or comments to offer about a possible sale to Costco.
In May, Have You Heard? had this update:
Costco has about 17 1/2 acres under contract. The deal isn't likely to close until later this year. That's substantially further out than initial time lines suggested. It looks like part of the holdup was the Hawker Beechcraft bankruptcy filing. There were some questions related to environmental issues at the plant as well.
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
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